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Will ArcelorMittal Stock Continue To See Gains?

07:00am, Wednesday, 18'th Jan 2023
ArcelorMittal stock has rallied by close to 13% over the last month (about 21 trading days) considerably outperforming the broader markets, which remained roughly flat over the same period.
ArcelorMittal S.A.'s financial results in Q3 were affected by spread compression and capacity curtailments. Optimization in production should support free cash flow generation in a subdued demand envi
ArcelorMittal's (MT) Q3 sales were hurt by lower iron ore prices and reduced steel shipments.

What's Happening With ArcelorMittal Stock?

08:00am, Monday, 14'th Nov 2022
ArcelorMittal posted a mixed set of Q3 2022 results as mounting economic headwinds and high energy costs weighed on results.
ArcelorMittal S.A. (NYSE:MT ) Q3 2022 Earnings Conference Call November 10, 2022 9:30 AM ET Company Participants Daniel Fairclough - Investor Relations Genuino Christino - Chief Financial Officer Conf
ArcelorMittal shares have been weak as spreads have come under pressure from plunging steel prices and persistently high energy costs. Steel demand in 2023 could be weaker than many companies expect,

ArcelorMittal Stock: May Be A Value Trap

01:10am, Wednesday, 02'nd Nov 2022
Against the backdrop of the deteriorating economic situation in Europe's largest countries, the steel demand side is likely to come under enormous pressure going forward. Russian DRI shipments are now
BHP Group is teaming up with steelmaker ArcelorMittal and two others to test a new technology to reduce carbon emissions in steel making at two plants in Belgium and North America.
South African petrochemicals company Sasol on Tuesday said it was partnering steelmaker ArcelorMittal South Africa to explore carbon capture technology and steel production using green hydrogen.
ArcelorMittal stock (NYSE: MT), the largest steel producer in Europe, declined by about 16% over the last month (about 21 trading days).
In an outlook report issued Thursday, Moody's Investors Service lowered its 12-month sector rating on metals and mining stocks from stable to negative.
Three steel stocks have formed valid bases and are in or near buy zones. However, views conflict on the steel market.
ArcelorMittal is one of the largest steel producers in the world, and was printing cash the past few quarters. The balance sheet is "safe" now with a low net debt position.
ArcelorMittal's (MT) Q2 results benefit from higher average steel pricing.
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